PPB Advisory – who were called in as administrators last week  – told Australian Printer that staff had been stood down and all machines had been stopped. PPB representatives will be meeting with the company’s management today to discuss options for getting the company running again.Today operations were still halted.

Fonda Makris from PPB says, “Everything has been completely stopped. The meetings with Australian Envelope’s board will focus on what can be done to get operations moving again. We should hopefully have an outcome soon.”

Australian Printer also spoke with a staff member at the company’s Sydney-facility who said all but a handful of staff had been stood down indefinitely.

The staff member, who asked not to be named said, “I took part in a conference call yesterday when I was told everything was to stop. I haven’t heard from anyone except customers who are very disappointed.

“Hopefully within the next few days we will find someone to buy the business or we will be told to turn the machines back on so we can get our orders out. If we don’t do that we are basically stuffed, as customers will just go elsewhere.”

PPB Advisory has commenced an urgent assessment of the business, and operations have been rationalised to care and maintenance levels while the review is undertaken.

PPB Advisory will immediately commence a sale process and every effort will be made to achieve a prompt sale of the Group’s business and assets.

Australian Envelopes has sites in every state and territory with the exception of the Northern Territory and Tasmania.

The company coins itself as the market leading envelope manufacturer, printer and marketer of standard and special make envelopes, and the major envelope manufacturing company in Australia.

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